11/28/2023, 9:02 AM (Source: TeleTrader)
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Europe opens lower after data

Major European stock indexes traded lower at the open on Tuesday following an economic report from Germany. Although consumer confidence in the country is expected to improve slightly in December, the figure continues to be "at a very low level," with "no signs of a sustainable recovery." Meanwhile, ECB President Christine Lagarde said the economic activity in the Eurozone will remain weak until the end of 2023.

The DAX lost 0.18% at the opening bell, with Mercedes-Benz down 0.98% at 9:02 am CET. The FTSE 100 fell 0.24% at 9:00 am CET, as Pearson slipped 1.36% a minute later. At the open, the CAC 40 declined 0.48%, with Kering decreasing 1.76% at 9:01 am CET. The Euro Stoxx 50 started the session trading 0.40% lower, as LVMH slumped 2.73% at 9:02 am CET.

The euro traded 0.20% below the dollar at 8:58 am CET, selling for 1.09348. The pound was down 0.15% compared to the greenback, going for 1.26106 concurrently.

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